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U.S. Dollar & Bonds Reacting To Economic Data & Powell Commentary
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video US President Joe Biden and Israeli Prime Minister Benjamin Netanyahu have discussed the idea of "tactical pauses" in the fighting in the Gaza Strip. In a statement on ...
Japan's household spending in September fell 2.8 percent from a year earlier for the seventh consecutive monthly fall, as people cut back spending on food and other items amid ...
At its meeting today, the Board decided to raise the cash rate target by 25 basis points to 4.35 per cent. It also increased the interest rate paid on Exchange Settlement balances by 25 basis points to 4.25 per cent. Inflation in Australia has passed its peak but is still too high and is proving more persistent than expected a few months ago. The latest reading on CPI inflation indicates that while goods price inflation has eased further, the prices of many services are continuing to rise briskly. While the central forecast is for CPI inflation to continue to decline, progress looks to be slower than earlier expected. CPI inflation is now expected to be around 3˝ per cent by the end of 2024 and at the top of the target range of 2 to 3 per cent by the end of 2025. The Board judged an increase in interest rates was warranted today to be more assured that inflation would return to target in a reasonable timeframe. The Board had held interest rates steady since June following an increase of 4 percentage points since May last year. It had judged that higher interest rates were working to establish a more sustainable balance between supply and demand in the economy. Furthermore, it had noted that the impact of the more recent rate rises would continue to flow through the economy. It had therefore decided that it was appropriate to hold rates steady to provide time to assess the impact of the increase in interest rates so far. In particular, the Board had indicated that it would be paying close attention to developments in the g post: RBA: BOARD JUDGED AN INCREASE IN INTEREST RATES WAS WARRANTED TODAY TO BE MORE ASSURED THAT INFLATION WOULD RETURN TO TARGET IN A REASONABLE TIMEFRAME. post: RBA: WHETHER FURTHER TIGHTENING OF MONETARY POLICY IS REQUIRED TO ENSURE THAT INFLATION RETURNS TO TARGET IN A REASONABLE TIME FRAME WILL DEPEND UPON THE DATA AND THE EVOLVING ASSESSMENT OF RISKS post: RBA: HIGH INFLATION IS WEIGHING ON PEOPLE’S REAL INCOMES AND HOUSEHOLD CONSUMPTION GROWTH IS WEAK, AS IS DWELLING INVESTMENT #News #Markets #RBA #INFLATION #live post: AUSSIE DOLLAR DOWN 0.12% TO $0.6481 AFTER RBA HIKES RATES BY 25 BPS
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In the home stretch of a rocky 2023, China and Warren Buffett are warning the global economy that the year ahead could be even more precarious. Not directly or in tandem, of ...
Imagine you go to an automated teller machine (ATM) and withdraw €100. Your bank account balance goes down by €100, but you now have €100 in cash with which to make payments. The ...
As expected, the Reserve Bank of Australia (RBA) has hiked its cash rate from 4.10% to 4.35%, the +25 bps rise markets were expecting. That comes after three 'on hold' monthly ...
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- Posted: Nov 6, 2023 11:20pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,368